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While some shoes justify their cost with premium materials and craftsmanship, others rely on branding and marketing. Understanding why shoes are so expensive can help you make smarter shopping ...

But when Ben learned the price of his son’s favorite shoe, he had a typical dad response. “You just like those because ...

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But when Ben learned the price of his son’s favorite shoe, he had a typical dad response. “You just like those because they’re expensive,” Ben said, after hearing the shoes cost $6,000.